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20121129
Search Results 0 to 16 of about 17 (some duplicates have been removed)
to their neighbor's economies. chinese and south korean officials have already begun talks on a free trade deal between their countries. now negotiators involved in discussions for another free trade zone in the asia pacific say they hope to conclude an agreement by the end of next year. they're trying to strike a deal for what's known as the trance pacific partnership or tpp. leaders of seven of the 11 countries discussing the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to elimite taffs and they're still divided on other issues such as whether they will allow exemptions to the rules. australian prime minister julia gilliard said an ambitious deadline would be to reach agreement by next oblt. the negotiators will meet again next month in new zealand. >>> january 1, 2013 marks more than just the new year. for americans it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about t fiscal cliff and everyone is talking about it including the u.s. federal reserve
. >> tom: i'm tom hudson. massive spending cuts and tax hikes are set to hit the u.s. economy on january first. by most estimates if we go over the cliff, the u.s. onomy will plunge into recession. >> susie: we look at the impact of the coming cliff and whether congress and the white house can strike a deal. >> tom: that and more tonight on n.b.r.! it was the chairman of the federal reserve ben bernanke who first called it a fiscal cliff. he described the coming automatic cuts in government spending and increases in taxes as, quote, "a massive fiscal cliff," end quote. here's what he was describing: on january 1, 2013, tax breaks worth $416 billion will expire. spending on things like defense, medicare payments to doctors will be slashed by $65 billion. add it all up and you are talking about cutting roughly half a trillion dollars from the federal budget. the congressional budget office and others warn going over the cliff will send the economy into a recession in the first half of next year. it was congress and the white house that set the deadline in hopes of forcing each other to cut
ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: washington's struggle to avoid going off the "fiscal cliff" resumed in earnest today. the president moved to draw on his reelection victory for new clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matt
for the economy." ben bernanke didn't endorse any specific tax or spending policies to solve the fiscal cliff, but he urged lawmakers to think creatively. he said an agreement on ways to reduce long-term federal budget deficits could remove road blocks to growth. on the other hand, going over the cliff might mean a recession. on top of that, worries about a deal were already causing trouble. > uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of caution in financial markets. >> susie: wall street and business leaders were pleased that bernanke was talking tough. and they said the fed's role in the fiscal cliff negotiations is to communicate. >> tell the world and the individuals in the political establishment that they have to help get their act together or we have a problem, and that notion of preaching from the pulpit that he has is very fundamental. >> susie: is there another role or more of a ro
. and as erika miller explains, the event highlights the importance of small businesses to the nation's economy. >> reporter: tomorrow is the most important sales day of the year for pam nelson, co-owner of butter lane bakery in manhattan. >> it's our biggest day of the year. valentine's day used to be our biggest day of the year. now it is, by far, small business saturday. >> reporter: last year, sales quadrupled the saturday after thanksgiving. this year, she's hoping for even bigger gains. todd and leisl gibson are also hoping for a surge in orders tomorrow. the husband and wife team own a craft products business called leisl and company. small business saturday was also their biggest sales day last year. >> that one saturday, we did about 20 times our typical order volume for a regular saturday. >> reporter: special promotions and marketing clearly help drive sales. but the firms say customers also like supporting business owners they know. >> they like the fact that they feel like they know leisl. and they know todd. and they see pictures of our daughter. and they know when they buy patter
nations want a five-year extension. they argue major economies may not be able to agree to severe reduction targets over the long-term. japanese delegates say they will not join the extended protocol. they want to continue using something called the clean development mechanism. it allows rich countries to earn carbon off sets by providing nds and technology to poor nations to help them reduce their emissions. >>> the people in charge of the site of the world's worst nuclear accident say they have taken a big step in cleaning it up. workers have raised part of a permanent shelter around a reactor at the nuclear plant in chernobyl. the area around the plant is highly contaminated. the workers raised an arched section that will surround the destroyed unit. the number 4 reactor was covered with a concrete and metal structure after the explosion in 1986. the so-called stone coffin deteriorated and could release radioactive substances. they began believe the new shelter in april to go around it. it is 250 meters wide and 105 meters high. government officials say engineers designed the s
on tonight's newshour. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ moving our economy for 160 ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: demonstrations, clashes with the police, and tear gas in tahrir square-- familiar scenes in egypt nearly two years ago that led to the fall of longtime leader hosni mubark. but today, they were aimed at egypt's new leader. in the coastal city of alexandria, opponents set fire to the offices of president mohammed morsi's political party, the muslim brotherhood. there and elsewhere in egypt today, the president's critics and supporters clashed in the streets over his decree yesterday exempting himself from judicial review, and
on the economy. >> brown: we have two stories about continuing unrest in the middle east, beginning with the political crisis in egypt. >> suarez: then, in her final report from turkey, margaret warner looks at the growing clout of syria's kurdish minority, and the impact that's having on the other side of the border. >> brown: when does a co-worker count as a supervisor? that question was before the supreme court today in a case about harassment. marcia coyle explains. >> suarez: and we examine new figures from the pew research center showing that young voters played a decisive role reelecting president obama. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving r economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by
back on its feet, it involves finding a way to help greece's economy actually return to growth. while some of the terms of the deals were a little more favorable than many had feared, at the end of the day, you have to find a way to help these economies grow. that probably means pausing some of that austerity. >> susie: you talk about it being a favorable deal, and you picture that other troubled companies in europe are saying, i want a deal just like greece got. what does that mean for the european economic recovery? >> i think it certainly complicates things a little bit. there is clearly an issue of moral hazard. many other countries may look to the deal that greece got and say, hey, maybe i can get a similar-type deal. in the end, when we think about what is plaguing personal europe, a lot of it has to do with austerity which has been forced on the economies, which are really, really depressed, and pushes them deeper into the hole. part of what needs to be done moving forward is pausing some of that austerity. you can't go to a country in a very bad recession, and tell them to inc
apple and samsung. >>> indonesia is southeast asia's largest economy and it continues to grow. laborers are voicing demands for their own piece of the success. workers around the country are asking for higher pay to cope with the rising cost of living. our bureau in bangkok has the details. >> reporter: thousands of workers took to the streets of jakarta on thursday to demonstrate they oppose low wages and a plan to cover welfare costs. protesters gathered near the presidential palace and marched to the parliament building calling for an increase in the minimum wage. the indonesian economy grew by 6.5% last year, but with that growth comes a higher cost of living. demonstrators carried signs on the 2011 law requiring salary reductions to cover social security and health benefits. the law is expected to go into effect in 2014. but workers say those costs should remain the government's responsibility. similar protests have been recently held in other cities around the country as workers urge the government to protect them. one of the world's most famous traveled denations. now the idyllic
the fiscal cliff could cost the economy, the equivalent of four times what shoppers spent over black friday weekend. >> tom: i'm tom hudson. it's cyber monday, and shoppers are online, and spending; they'll shell out an estimated $1.5 billion online today. >> susie: and change comes to the nation's top securities regulator: mary schapiro is stepping down. we look at what's next for the securities and exchange commission, and its new leader. >> tom: that and more tonight on "n.b.r."! >> susie: americans were back at work today after a long holiday weekend, but returned to the same worries about the fiscal cliff. and a new report from the white house added to the worries, showing that unless there's a deal on solving the crisis, the u.s. economy would suffer big time. the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >> repor
of something, you reduce taxes on it. if you want less of something, you tax it more. in our economy right now, with a lot of money sitting idle on the sidelines, and a lot of people unemployed, the last thing we want to do is, you know, increase taxes on investments which will, therefore, result in less investments and less jobs. >> tom: we have more with lew hay tomorrow on our thanksgiving special, "looking at the fiscal cliff." >> susie: the thanksgiving holiday marks one of the busiest travel times of the year, and airlines are expected to have a blockbuster weekend. they could use it. the airlines have struggled to find profits over the past decade. sylvia hall reports. >> reporter: it's one of the busiest days of the year for airlines, as people jet across the country to and from their holiday destinations. the airlines expect to fill a total of 24 million seats between today and sunday, according to airlines for america. that's an average of 2.5 million seats filled each day, up by a quarter of a million from last year. >> this year so far, the average profit point for every passenger
e-book, "the amazon economy," is out next week. thanks for being with us. >> good to be here. >> sreenivasan: so help us understand, why are these retailers doing this? why is it so important? >> this holiday season we're going to see consumers who are still pretty cautious and as a result of that retailers are just a little bit desperate. these early openings are all about trying to grab the attention of consumers as soon as they can and grab a few of those dollars because overall the holiday season it may be that the shopping pie doesn't grow that much. so these retailers want to grab their own slice as soon as they possibly can. >> sreenivasan: so wal-mart was onof the b stores to d so. they were already opening at midnight. why push it into thanksgiving day itself? >> the competition among the retailers and i think they're inspiring each other to move it earlier and earlier because as people are going to be queuing up perhaps they want to be outside the store that's going to open first. so this cream phenomena is has set in as retailers are trying to outdo each other. >>
growing up amid a flagging economy. this excerpt shows how an illinois school tries to help families make ends meet. >> first change this. if this is a good time for you, would you like to send your students down for the nutrition club? >> i'll have them down there shortly. thank you very much. knew nutrition club students can stand up. line up. you'll be going down there in just a moment. >> push the chairs up? yes. this is a bag of food that you get every friday. you have to make last the whole weekend. they announce in class that you have to go down for a nutrition club, if you're in it. you have to go to the office. you have to sign your name in for it. then you go put it in your locker. then you go back to class. >> people... good morning, brit knee. how are you doing? >> is monica here yet? not yet. she's on our waiting list. she's there. >> make sure you put it in your locker right away. >> you can go from feeling okay, not having to go hungry to this. going mung reand having to pay all your bills and not being able to... on the verge of being homeless again. >> you've got to match
been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: after another day of violence, a ceasefire deal between israel and hamas was finally announced in cairo today. but further negotiations on key longer-term sticking points between the two sides were put off for now. egypt's foreign minister, mohammed kamel amr, announced the breakthrough with secretary of state hillary clinton at his side. >> egypt has exerted efforts and conducted intensive discussions since the renewed outbreak of hostilities in the gaza strip with all parties: the palestinian leadership, the these efforts and communications managed to reach an agreement to a ceasefire and the return of calm and halt of the violence and the bloodshed that was witnessed recently. >> the united states welcomes the agreement today for a ceasefire in ga
Search Results 0 to 16 of about 17 (some duplicates have been removed)